Column: How Walgreens, CVS and Rite Aid tried to take over healthcare — and failed
LA TimesThink this will be your new healthcare provider? issued an alarming report listing CVS and Walgreens among companies that had grabbed market share in “primary care, concierge medicine, virtual care, in-home medical services and elsewhere.” It seemed that this trend might continue, as the pharmacy chains exploited their networks of stores on virtually every American corner. “We don’t see the growth coming fast enough in certain markets.” At CVS, executives paint the effort to remake the company into an integrated healthcare provider as very much a work in progress. “If you think about what’s happening in America relative to healthcare,” Chief Executive Karen Sue Lynch told investment analysts at a Morgan Stanley healthcare conference in September, “it’s. Gavin Newsom said he would stop the state from doing business with the company, or any other “that cowers to the extremists and puts women’s lives at risk.” CVS ran into the buzz saw of Medicare politics in August, when a New York state judge blocked the transfer of 250,000 Medicare patients to Aetna’s Medicare Advantage plan.